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People who have expenses like child care, mortgages, car payments, unexpected medical bills, don't contribute to a 401K through automatic payroll deductions, or who just don't budget as well as they might.

The average savings rate from 1959 to 2014 was 6.82%. [1]

[1] http://www.tradingeconomics.com/united-states/personal-savin...



These days, student loans can also be a significant expense.




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